....“Going by recent trends, PEs are not able to use the buyback route for exits,” said Aakash Choubey, partner Khaitan & Co. “This is largely due to the fact that in certain cases, buybacks may be regarded by the regulator as put options and would, therefore, be unenforceable. Also, there is challenge of meeting RBI (Reserve Bank of India) pricing requirements, as well on those on buyback.”......
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